frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to … both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an … otherwise standard frictional model of the labor market to incorporate a stochastic and state-dependent process for unemployment …

unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance budget renders … persistence of vacancies and unemployment. …

This paper studies optimal unemployment benefit levels and optimal proportional income tax rates over the business … cycle. Previous research suggests that policy makers should make unemployment insurance (UI) dependent on the business cycle … unemployment. An alternative way to redistribute income is to vary tax rates over the business cycle. In this paper, we develop an …

This paper studies optimal unemployment benefit levels and optimal proportional income tax rates over the business … cycle. Previous research suggests that policy makers should make unemployment insurance (UI) dependent on the business cycle … unemployment. An alternative way to redistribute income is to vary tax rates over the business cycle. In this paper, we develop an …

We investigate how unemployment exit probabilities are affected by economic incentives, spell duration and … macroeconomic conditions. Building on a database containing all registered unemployment spells in Norway in 1989-1998, we apply an …